PANews, February 26 — Lighter announced the successful completion of its first practical test of LLP Strategies during a recent large-margin long liquidation event in the ARC perpetual contract. A trader established a massive long position in ARC, with an open interest totaling 50 million USDC, against approximately 600 counterparties including traders and market makers. The ARC contract belongs to Strategy 7, which is only capable of handling an ADL risk with 75,000 USDC LLP funds. As the ARC price declined, the large long position was forcibly liquidated on the order book for about 2 million USDC, then further ADL’d to LLP, and finally taken over by healthy shorts. Ultimately, the large trader lost about 8.2 million USDC, with LLP losses limited to 75,000 USDC, and the short side profited.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Arthur Hayes: Bitcoin’s long-term target price is $250k to $750k, and in the short term it could fall below $60k
Arthur Hayes said on a podcast that, because the Federal Reserve has not expanded liquidity, he will not put more money into Bitcoin. He expects his medium- to long-term target price to be between $250,000 and $750,000. He warned that if the Iran–U.S. conflict continues, Bitcoin could fall below $60,000 in the short term. Meanwhile, Charles Schwab will launch spot trading for Bitcoin and Ethereum. Research shows that after major shocks, Bitcoin has performed better than gold and the S&P 500, and its current price has rebounded to $67,300.
GateNews2h ago
The Crypto Fear and Greed Index rises to 13 today, and the market is still in an extreme fear state
Gate News message, April 6, according to Alternative.me data, today the Crypto Fear & Greed Index rose to 13, up 1 point from yesterday’s 12. Despite the index recovering, market sentiment is still in an “extreme fear” state.
GateNews2h ago
Bitcoin Breaks Through 68,000 USDT, Up 1.05% Within the Day
Gate News message: On April 6, market data shows that Bitcoin has broken through 68,000 USDT; it is currently trading at 68,007.46 USDT, with a intraday gain of 1.05%.
GateNews2h ago
Koma Inu, Layer3, and DAR Open Network Dominate Daily Crypto Gainers
The crypto market has surged, with Koma Inu ($KOMA) leading daily gains at 94.7%. Other notable gainers include Layer3 ($L3) at 88.3% and DAR Open Network ($D) at 87.1%, showcasing strong performance across various projects.
BlockChainReporter4h ago
Drift Protocol Stolen $285 Million: North Korean Hackers Prepared for 6 Months, Using Durable Nonce to Bypass Multi-Signatures
On April 1, the Drift Protocol on the Solana chain was attacked by hackers, resulting in losses of about $285 million and a sharp drop in TVL. The investigation found that the attackers carried out a social engineering infiltration lasting 6 months, using Durable Nonce to bypass multiple signatures, highlighting the threat that nation-state hackers pose to DeFi and raising questions about Circle’s response speed.
ChainNewsAbmedia13h ago
Michael Saylor again publishes Bitcoin Tracker information
Gate News message, April 5, MicroStrategy founder Michael Saylor once again posted a Bitcoin Tracker update. Based on historical data, Strategy disclosed information about increasing its Bitcoin holdings the day after the relevant message was released.
According to CoinGecko data, as of April 5, MicroStrategy holds 528,185 BTC.
GateNews13h ago
